The Securities and Exchange Commission watching Americans getting screwed. Link

WASHINGTON – Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says.The SEC’s inspector general conducted 33 probes of employees looking at explicit images in the past five years, according to a memo obtained late Thursday by The Associated Press.

The memo says 31 of those probes occurred in the 2 1/2 years since the financial system teetered and nearly crashed.

It was written by SEC Inspector General David Kotz in response to a request from Sen. Charles Grassley, R-Iowa.The memo was first reported Thursday evening by ABC News. It summarizes findings of past inspector general probes and reports some shocking findings:




  1. wirelessg says:

    Maybe they got confused with Playboy’s “Girls of the SEC” pictorial in October 2007.

  2. polybot says:

    2008 “recession”.
    Biggest scam ever.

  3. pedro says:

    Watching porn while screwing everyone. Makes sense.

    #8 I didn’t know you were interested in porn surfers. Too much info.

    #20 I see you still have your head in the ground on the GW issue. Start buying your carbon credits. Al Gory needs your money. And then you have the nerve the bicth out @ the SEC.

  4. Rick Cain says:

    It’s Obama’s fault! Oh wait…

  5. RonR says:

    Hey bobo!

    Check yourself into a mental health clinic because you are INSANE! You babble on and on about total bullshit! That quote was PART of a famous quote which OBVIOUSLY went completely over your head. So here it is in it’s entirety:

    “The only thing wrong with communism is communism. The only thing wrong with capitalism is capitalists.”

    If you don’t get the subtle humor there then you probably shouldn’t be blogging (or voting). My only point in partially quoting that was that where capitalists are concerned, at least they CAN watch porn. (Maybe you might like watching “Meet the Press” a little more often rather than go to church.)

    My original comment still stands – the problem here is that those workers were NOT working. It’s just that simple. And just why “porn” (notice the quotes?) has a damn thing to do with this “story” (notice the quotes again?) is highly suspect.

  6. bobbo the Alrighty says:

    #25–Ron==thanks for the full quote, I did miss the humor that on careful re-reading still eludes me. Or maybe you think partial quotes are humor per se? I think you are actually looking for a different word/concept there.

    My comments, as yours, remain in full force including the full or partial quote.

    I guess you fail to see the humor in putting the issue into the context of the economic model fully playing out. Or maybe, precious little about the subject is humorous at all?

  7. GetSmart says:

    The only thing wrong with (Insert your favorite economic, religious, political or other practice here.) is, wait for it, PEOPLE! The fact that there are human beings involved in ANY activity means that there’s a vast distance between theory and actual practice. It only takes a small amount of “sand” in the lubricant to wreck any complex machinery. And it only takes a relative few people running their own agenda in any system to eventually pervert the whole operation. Because of this, NO system works well for very long, even with new and more stringent rules of behavior, as eventually the complexity of the rules becomes an impediment to getting anything done. This also becomes ammunition for just ignoring the checks and balances in place with a wink and a nod, or even eliminating many of them all together, because after all, it can’t happen here, happen here, happen here, happen here.

  8. Glenn E. says:

    Considering the SEC acts as if it’s strapped for people to investigate the banks. Then I can’t really spare even the 16 porn addicts it has, not doing productive work. But is this blaming the SEC personnel, rather than the Bush Admin. preventing them from investigating the banks, for not doing their jobs? Just as they were probably told to keep hands off Enron, before their collapse.



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